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Power Grid Corporation of India Secures Inter-State Transmission Project

Power Grid Corporation of India (BOM:532898, NSE:POWERGRID) has been declared the successful bidder under the tariff-based competitive bidding process for an inter-state transmission project, according to a filing on Friday.The company received a letter of intent for the project to install two synchronous condenser units at the 765/400/220 kV Fatehgarh-II power station on a build-own-operate-and-transfer basis.The project includes the installation and commissioning of the two synchronous condenser units along with associated bays.

BOM:532898NSE:POWERGRID

Asia23d ago

Lianson Fleet Unit Closes Vessel Acquisition

Lianson Fleet (KLSE:LFG) unit LFG Celestia has completed the acquisition of bulk carrier MV Tian Mu Shan (MV TMS) following the vessel's delivery on July 16.The acquisition was completed in accordance with the memorandum of agreement signed on July 9, according to a Monday Malaysian bourse filing.The company said the acquisition of another vessel, MV Yan Dang Shan (MV YDS), remains in progress and it will provide a further update upon completion.

KLSE:LFG

Asia23d ago

Yuntianhua's Unit Plans 1.86 Billion Yuan Copolymer POM Project; Shares Up 2%

Yunnan Yuntianhua's (SHA:600096) unit, Chongqing Yuntianhua Tianju New Materials, plans to invest 1.86 billion yuan to construct a high-end copolymer POM or polyoxymethylene resin plant, according to a Shanghai bourse filing on Saturday.The high-quality diammonium phosphate supplier's shares rose 2% during Monday's afternoon trade.The plant will produce 100,000 tons of copolymer POM annually. It will also have units with an annual production capacity of 240,000 tons of formaldehyde, 400 tons of methylal, and 100 tons of catalyst.Construction of the project, which will be located in the Chongqing Changshou Economic and Technological Development Zone in China, is expected to begin in December.

SHA:600096

Asia23d ago

Honda Motor, Guangzhou Automobile Extend China JV Through 2038

Honda Motor (TYO:7267) signed an agreement with its Chinese joint venture partner, Guangzhou Automobile Group or GAC (SHA:601238, HKG:2238), to extend their automobile production and sales deal through 2038, according to a Monday release.The automotive company said that the extension comes amid growing competition in electric vehicles and intelligent driving technologies and would not make any material impact on its consolidated financial results for the fiscal year ending March 31, 2027.

TYO:7267

Asia23d ago

CPE Technology Arm to Buy MYR34.5 Million of Machinery; Shares Up 2%

Champion Precision Technology, a wholly-owned subsidiary of CPE Technology Berhad (KLSE:CPETECH), has agreed to acquire machinery worth 34.5 million Malaysian ringgit from various vendors, according to a Friday filing with the Malaysian bourse.The company has agreed to acquire eight units of auto lathe machines, 45 units of Okuma computer numerical control (CNC) turning machines, two units of DMG CNC turning machines, three units of Citizen Miyano CNC turning machines, and 60 units of Fanuc CNC milling machines.The acquisitions are expected to be completed by the second quarter of fiscal 2027.The company said the acquisitions will expand its capacity to support customer demand through the purchase of 118 CNC machines.Shares of the precision engineering company were up 2% in recent trade.

KLSE:CPETECH

Asia23d ago

New Zealand Shares Flat; Fletcher Building Secure NZ$60 Million Government Deal for Golden Bay Cement

New Zealand shares were flat on Monday despite a surge in oil prices in the wake of the escalating conflict in the Middle East.The S&P/NZX 50 Index was little changed to close at 13,696.03.Brent crude oil futures rose around 2% to over $90 per barrel. The US and Iran continued to trade strikes for over a week after an earlier ceasefire seemed to break down.In domestic news, New Zealand recorded a goods trade surplus of NZ$22.7 million in June, compared with a surplus of NZ$576.8 million in May, Stats NZ data showed. Goods exports rose 25% to NZ$8.09 billion, while imports rose 28% to NZ$8.07 billion.In corporate news, Fletcher Building (ASX:FBU, NZE:FBU) said New Zealand's government granted its Golden Bay Cement unit up to NZ$60 million as part of an agreement to support the subsidiary's continued operations in the country.Comvita (NZE:CVT) appointed Emma Blott as chief commercial officer, starting July 6.

^NZ50ASX:FBUNZE:CVTNZE:FBU

Asia23d ago

GuocoLand (Malaysia) to Suspend Trading Ahead of Selective Capital Reduction, Repayment Exercise

GuocoLand (Malaysia) (KLSE:GUOCO) shares will be suspended from trading starting July 30 to facilitate the implementation of its selective capital reduction and repayment exercise.The suspension follows its announcements on July 16 and July 17 regarding the proposed exercise, according to a Monday Malaysian bourse filing.The exercise is part of the company's plan to return capital to shareholders and take the company private.

KLSE:GUOCO

Asia23d ago

ADATA Technology Clarifies Report on Earnings Outlook

ADATA Technology (TWO:3260) clarified a media report on its memory market outlook and earnings projections, saying it does not provide financial forecasts.The clarification came after the Economic Daily News, citing institutional investors, reported that the company was optimistic about the memory market outlook, with DRAM and NAND prices rising about 50% in the second quarter.The report also projected the company's full-year earnings per share to reach NT$131.4.ADATA Technology said official financial and business information will be disclosed through the Market Observation Post System (MOPS).

TWO:3260

Asia23d ago

CRRC Controlling Shareholder Plans Up to 300 Million Yuan Share Purchase

CRRC's (HKG:1766, SHA:601766) controlling shareholder, CRRC Group, plans to increase its stake by purchasing between 150 million yuan and 300 million yuan of A-shares over the next six months, according to a Monday Hong Kong bourse filing.CRRC Group, which owns 51.45% of the company's issued share capital, intends to acquire the shares through the Shanghai Stock Exchange using its own and self-raised funds.The purchases are scheduled to take place between July 20, 2026, and Jan. 19, 2027.The increase in shareholding will not result in a change in the company's controlling shareholder or actual controller.Hong Kong-listed shares of the firm were up nearly 4% in Monday midday trade.

HKG:1766SHA:601766

Asia23d ago

Update: RemeGen Proposes Share Buyback of Up to 50 Million Yuan

RemeGen (HKG:9995, SHA:688331) proposed to repurchase shares worth between 25 million yuan and 50 million yuan, according to a Monday disclosure on the Shanghai bourse.The company will repurchase between 167,800 and 335,600 shares at a maximum price of 149 yuan per share through centralized bidding within 12 months after approval by the board of directors.The repurchased shares will be used for the company's employee stock ownership plan or equity incentive plan.Hong Kong-listed shares of the pharmaceutical company were up 8% in Monday afternoon trading, while its Shanghai shares were up 6%.

HKG:9995SHA:688331

Asia23d ago

Huanxi Media Extends Deadline for HK$201 Million Share Subscription

Huanxi Media Group (HKG:1003) extended the long-stop date for its planned share subscription by Phancy International to Sept. 30 from July 18, according to a Monday Hong Kong bourse filing.The extension gives the parties more time to satisfy conditions for the subscription of 731.3 million new shares at HK$0.275 per share.Shares of Huanxi Media fell 2% in recent trade.

HKG:1003

Asia23d ago

RemeGen Proposes Share Buyback of Up to 50 Million Yuan

RemeGen (HKG:9995, SHA:688331) proposed to repurchase shares worth between 25 million yuan and 50 million yuan, according to a Monday disclosure on the Shanghai bourse.Approximately between 167,800 shares and 335,600 shares will be bought for up to 149 yuan through centralized bidding within 12 months after approval by the board of directors.The repurchased shares will be used for the company's employee stock ownership plan or equity incentive plan.Hong Kong-listed shares of the pharmaceutical company were up 8% in Monday afternoon trading, while its Shanghai shares were up 6%.

HKG:9995SHA:688331

Asia23d ago

Shanghai Pharmaceuticals Commits 300 Million Yuan in Biomedicine Fund

Shanghai Pharmaceuticals (SHA:601607) committed 300 million yuan to participate in a 2-billion-yuan private equity fund focused on early-stage biomedical innovation.The Shanghai Shangshi Biomedicine Industry Private Fund primarily focuses on assets from investigational new drugs to second-phase clinical trials, according to a weekend filing with the Shanghai bourse.Shares of the pharmaceutical company rose 1% in recent trade.

SHA:601607

Asia23d ago

Market Chatter: South Korea's Per Capita GDP Expected to Rise 7.6% in 2026

The per capita gross domestic product of South Korea is expected to rise 7.6% year on year to about $39,164 in 2026, the strongest annual growth in the last five years, Yonhap News reported Sunday, citing data from local Korean analysts.The projected per capita GDP is expected to reach $39,164 this year, up $2,750, which will be the biggest year-over-year jump since the 11.5% recorded in 2021, according to projections reported.The estimates, based on the government's revised forecast of 12.3% nominal GDP growth, project South Korea's nominal GDP at 3,005.9 trillion won in 2026 from 2,676.7 trillion won in 2025.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^KOSDAQKOSPI

Asia23d ago

VA Tech Wabag Wins Wastewater Treatment Projects; Shares Jump 4%

VA Tech Wabag (NSE:WABAG, BOM:533269) has secured a large order from the Bangalore Water Supply and Sewerage Board to design, build and operate two sewage treatment plants and a tertiary treatment plant in Bengaluru, India, according to a Monday Indian bourse filing.The contract covers a 100 MLD sewage treatment plant and a 25 MLD tertiary treatment plant at Byramangala, as well as a 60 MLD sewage treatment plant at Bellandur. The project also includes biogas-based power generation facilities.The engineering, procurement, and construction work is scheduled to be completed within 36 months, followed by a seven-year operations and maintenance period.Shares of the water treatment company jumped 4% in recent trade.

BOM:533269NSE:WABAG

Asia23d ago

Shenzhen Transsion Holdings Expects 45% Rise in H1 Profit

Shenzhen Transsion Holdings (SHA:688036) forecasts a 45% rise in its net attributable profit to 1.76 billion yuan from 897 million yuan in the year-ago period, according to a Monday filing with the Shanghai bourse.The smart devices and mobile services company attributes the growth to higher revenue after upward price adjustments of its smartphone products.Shares fell 1% during afternoon trading on Monday.

SHA:688036

Asia23d ago

China State-Owned Giants Pledge $60 Billion to Prop Up China Stocks

Two China state-owned enterprises disclosed fresh share purchases on Sunday to stabilize Chinese markets following a sharp sell-off, according to China state-run newspaper Economic Information Daily.China State-owned Assets deployed more than 50 billion yuan through relending facilities and matching funds for buybacks and stake increases, vowing to continue adding stocks of central state-owned enterprises.China Chengtong bought nearly 10 billion yuan in Chinese equities, focusing on state-owned enterprises and technology companies, with plans for further purchases of stocks and ETFs.

Shanghai Composite^SZSE

Asia23d ago

Compeq Manufacturing to Acquire Industrial Property for NT$750 Million; Shares Down 4%

Compeq Manufacturing (TPE:2313) will acquire land and buildings in the Industrial Zone of Guanyin District, Taoyuan, for NT$750 million, according to a Friday filing with the Taiwan Exchange.The property comprises 11,139 square meters of land and 7,139 square meters of buildings. Leader Point Development is the transaction counterparty, according to the filing.The acquisition is part of the electronics manufacturer's long-term operational development plan and capacity expansion needs.Shares of the company were down over 4% in Monday trading.

TPE:2313

Asia23d ago

X Bioscience Reports Higher Impairment Charges in Q1

X Bioscience (BKK:XBIO) said its first-quarter 2026 loss widened sharply from a year earlier, primarily due to impairment charges related to investments, goodwill, brands and software assets, according to a Monday Thailand Exchange filing.The company said it impaired its investment in HOSHI, following uncertainty over the value of its restaurant business and accumulated losses, while also writing down goodwill and brand assets across several subsidiaries.X Bioscience said it has suspended plans for a central kitchen project, divested its Kagonoya restaurant business and is shifting its core focus to the construction sector.The company also plans to expand its food business through a 288-million-baht investment in Chokdee Dim Sum, which will become a new unit in the second quarter.

BKK:XBIO

Asia23d ago

Ariadne Australia Expects to Swing to Attributable Income in Fiscal 2026

Ariadne Australia (ASX:ARA) expects fiscal 2026 comprehensive income attributable to members of AU$2 million to AU$3 million, compared with a loss of about AU$400,000 in fiscal 2025, according to a Monday filing with the Australian bourse.The company holds an investment in Orams Group, which delivered a strong operating performance for the year to contribute AU$4.4 million to Ariadne's result, per the filing.During fiscal 2026, Ariadne also recorded gains of AU$4.3 million via its investment in Cover Genius and AU$3.5 million through its holdings in Hillgrove Resources (ASX:HGO), but these gains were more than offset by a AU$9.7 million decline in market value of its investment in Webjet Group (ASX:WJL), the company said.

ASX:ARA

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